Spoiler:
At the H4 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI is above 50 area 50 indicates the trend is still down
Recommendation: sell
Range :0.9791-0 .9708
Thread: Usd/Cad
At the H4 chart, the price is below EMA 12 and EMA 72 indicates the trend is still down
RSI is above 50 area 50 indicates the trend is still down
Recommendation: sell
Range :0.9791-0 .9708
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USDCAD had been rejected by the resistance level at 0.9805 yesterday.
Now, if we look on the chart, USDCAD is trying to reach the support level at 0.9745. Then, if USDCAD can break that support, this pair may decline to the next support level at around 0.9685
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USD / CAD on the frame daily, we find that the pair climbed in previous days after reaching the support levels at 0.9709, but yesterday it shows weakness after hitting the downtrend if pair closed yesterday candle reflectivity under downtrend it is possible that we see falling strong for the pair towards levels support.
good luck
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Rose USD / CAD today to penetrate all levels of resistors at 0.9762, 0.9772 and 0.9781 and settle above
SMA 55 bottom price and stochastic still gives positive signals which gives strength to rise in the short term
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On the H1 chart, price is above the EMA 12 and EMA 72 indicates the trend is still up
RSI is above 50 area 50 indicates the trend is still up
Recommendation: buy
Range :0.9805-0 .9744
Last edited by VANDA_S; 2012-09-20 at 05:08 PM.
USDCAD has formed a double top chart pattern around the 0.9745 resistance level. Although the pattern in not too perfect, USDCAD may goes down to the support level at 0.9685. But if USDCAD can break 0.9765 high level, this pair may rise to the resistance level at 0.9805
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it is obvious that we have a strong resistance level on the H4 chart @38.2% then i predict that USDCAD will move downward so i suggest selling this pair now our target point will be@23.6%.
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I think that from the shown H4 chart , the price have broken the shown bearish trend and also broken the resistance level @23.6% fibonacci are an indicators that the price will take some bullish direction in the next hours and so we will have a chance to start buying ,
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Price above 12 EMA and 72 EMA trend is still up
50 RSI above 50 indicates the momentum of the trend is still up
Recommendation: buy
Range:0.9801-0.9695
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Couple went to the next strong resistance level of 9770, in the first place I look retreat from it (MASD-sell signal), but if this level of price will break through, then probably we come to the 8000 figure.
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